Larsen & Toubro, Bharti Airtel, Tata Power, Indian Oil, Hfcl and more| Roadsleeper.com
SUMMARY
Stocks to watch: Dalal Street is expected to open in the green on Monday amid positive signals in global markets. SGX Nifty futures rose as much as 182 points to 18,016.5. Shares in Larsen & Toubro, Bharti Airtel, Tata Power, Indian Oil, HFCL and more will be in focus today. Here are top stocks to watch out for in trade on October 31 –
1 / 11Larsen & Toubro Ltd, Bharti Airtel Ltd, Tata Steel Ltd, Motherson Sumi Wiring India Ltd, Equitas Small Finance Bank Ltd, LT Foods Ltd, 3i Infotech Ltd | These companies will report their financial results for the quarter that ended in September.
2 / 11Tata Power Company Ltd | The company posted a net profit of Rs 935.2 million for the July-September period. Quarterly net profit for the Tata group rose 84.9 percent compared to the corresponding period a year ago – a 12th consecutive quarter of growth. Power generator revenue grew 43 percent year-on-year to Rs 14,030.7 crore.
3 / 11Dr. Reddy’s Laboratories Ltd | The company reported a net profit of Rs 1,112.8 crore for the July-September period, boosted by the launch of an anemia drug in the key US market. The quarterly profit was 12.2 percent higher compared to the corresponding period last year. The pharmaceutical major’s revenue rose 9.4 percent year-on-year to Rs 6,305.7 crore for the three-month period.
4 / 11JSW Energy Ltd | The company reported a 37 percent rise in its consolidated net profit at Rs 466 crore in the September quarter. During the period under review, revenue grew 16 percent year-on-year to Rs 2,596 crore.
5 / 11NTPC Ltd | The company reported a decline of more than seven percent in its consolidated net profit for the quarter ended in September, mainly due to higher costs. The state-owned power giant’s net profit stood at Rs 3,417.67 crore for the period under review. The total income of the power giant stood at Rs 41,015.2 crore.
6 / 11Indian Oil Corporation Ltd | India’s largest oil PSU reported a net loss of Rs 272.3 crore on Saturday, down from a net loss of Rs 1,992 crore in the June quarter. EBITDA loss came in at Rs 1,960 crore, up 44.2 percent from the previous quarter. The company’s margin rose by 30 points to 0.9 percent from 0.6 percent.
7 / 11Hero MotoCorp Ltd | The company reported a 20 percent increase in retail sales growth from the previous year during the festive period of the current fiscal year. The two-wheeler major said sales were led by high demand in key states like Maharashtra, Gujarat, Rajasthan, Uttar Pradesh, Bihar, Jharkhand and Karnataka.
8 / 11HFCL Ltd | The company has received purchase orders for supply of optical fiber cables worth Rs 115 crore to Reliance Projects & Property Management Services Ltd.
9 / 11Laurus Labs Ltd | The US FDA has issued a Form 483 with an observation for the company’s Parawada unit.
10 / 11Solar Industries India Ltd | The company will consider raising up to Rs 100 crore through NCDs on November 4.
11 / 11Zydus Lifesciences Ltd | The company has received the final nod from the US FDA for Acetaminophen injection, which is used to relieve mild to moderate pain.
